The global heavy-duty pumps market was valued at $12,823 million in
2017, and is expected to reach at $19,522 million by 2025, growing at a
CAGR of 5.4% during the forecast period. The centrifugal pump segment
accounted for more than four-fifth of the market share in 2017 and is
expected to witness significant growth during the forecast period.

There is an increase in demand for the machines, owing to the rise in
demand for portable water, globally. In addition, high efficiency and
reliability offered by these pumps to transfer different products are
expected to propel the market growth. However, increase in environmental
protection activities due to rapid increase in pollution restrain the
market growth.

Key Findings

Based on end-user industry, the processing industry segment dominated
the market in terms of revenue in 2017, and is projected to grow at a
CAGR of 5.7% during the forecast period.

The centrifugal pump segment based on the pump type generated the
highest revenue in 2017, and is estimated to grow at the rate of 5.6%.